LEO BILL LAPITO is currently employed as a Broker and/or Investment Adviser at COMMONWEALTH FINANCIAL NETWORK located at 12 AVANTA WAY, SUITE C-9, BILLINGS, MT, 59102.
LEO BILL LAPITO has worked at COMMONWEALTH FINANCIAL NETWORK since July 02, 2007
Disclosure History
LEO BILL LAPITO has 2 Disclosure Event(s).
Date: April 01, 2010 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT RR FAILED TO "KEEP TRACK" OF A PARTICULAR STOCK POSITION DESPITE RR HAVING SENT WRITTEN NOTICE TO CUSTOMER THAT HE MAY WANT TO CONSIDER SELLING THE POSITION. Damage Amount Requested: $233,000.00 Broker Comment: NINE YEARS AFTER OPENING ACCOUNT, AND FIVE YEARS AFTER CLOSING ACCOUNT, CUSTOMER SUGGESTS THAT RR FAILED TO KEEP TRACK OF PRICE OF A PARTICULAR STOCK, DESPITE CUSTOMER HAVING RECEIVED WRITTEN CORRESPONDENCE FROM RR TO CONSIDER SELLING POSITION.
Date: August 23, 2005 Category: Customer Dispute Allegations: UNSUITABLE INVESTMENTS - MUTUAL FUND B SHARES, ANNUITIES.INVESTMENTS MADE ON OR MAY 2003.NO SPECIFIED DAMAGES. SALES CHARGES/SURRENDER CHARGES IN EXCESS OF $4185 Broker Comment: ALTHOUGH THE FIRM HAS CLOSED THIS MATTER AFTER REVIEW OF THE COMPLAINT. THE MONTANA SECURITIES DIVISION ISCUURENTLY REVIEWING THIS MATTER.
More Information
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